Allstate vs. Indiana Farmers: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Indiana Farmers offers significantly cheaper premiums than Allstate
• Allstate offers more discounts than Indiana Farmers Insurance
• Indiana Farmers tends to be a much less expensive option for couples purchasing auto insurance together

Allstate vs. Indiana Farmers: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering pretty big discounts, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Allstate or Indiana Farmers as potential options, but which carrier will save you the most?

Looking at nationwide averages, Indiana Farmers is quite a bit cheaper than Allstate, with rates averaging $81 per month compared to $199 with Allstate.

However, that doesn't necessarily mean Indiana Farmers will be the more affordable option for each driver. Car insurance companies vary their premiums depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and a variety of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

So, if you want to find out which of Allstate or Indiana Farmers is really the best for you, keep reading to see average premiums for each company broken down by a variety of different rate factors.

Allstate or Indiana Farmers: Average Car Insurance Rates by State

Allstate and Indiana Farmers only compete against each other in Indiana, where Indiana Farmers offers the cheaper average rates. For Indiana residents, Indiana Farmers offers insurance for $81 monthly on average. Allstate's average prices come out to be over 70% more expensive, at $160 per month.

But there's more to calculating car insurance rates than just where you call home. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any other group of drivers out there on the road. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Indiana Farmers for their insurance pay more than $300 less than those who use Allstate. It's worth noting that Allstate offers car insurance in 47 different states compared to Indiana Farmers's one, which can skew the average rates a bit, but the difference here is still considerable.

But both carriers will offer you dramatically lower prices by the time you turn 25. For example, average premiums for Allstate policyholders lower nearly 65% and Indiana Farmers's rates drop almost 45% over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums you'll ever see.

When looking at Allstate and Indiana Farmers specifically, which carrier is best for retired drivers? Indiana Farmers gets the edge, with prices for drivers 65 and older over 55% cheaper than the national average for Allstate.

Which is the Best Company for Married Drivers?

Did you know that auto insurance premiums are generally more affordable for married drivers than they are for single drivers? This usually boils down to married policyholders having several cars on their policy -- something many car insurance companies will reward with discounts.

When it comes to relationship status, Indiana Farmers is the clear winner for single policyholders, with prices about $139 a month less expensive than Allstate, on average. The advantage for married couples with Indiana Farmers is also obvious, where drivers save nearly $90 per month.

Allstate vs. Indiana Farmers: Average Rates by Gender

Men are statistically more likely than women to get tickets and get into collisions, which means they'll typically end up paying more for auto insurance than women.

On average, men see rates around $10 a month higher with Allstate, and about $7 with Indiana Farmers.

Looking at overall affordability, Indiana Farmers comes out on top for both men and women, with average prices 59% less for men and 60% cheaper for women.

Allstate or Indiana Farmers: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which normally refers to having comprehensive and collision coverages in addition to liability coverage).

If you're looking for state minimum liability limits, Indiana Farmers usually offers significantly more affordable rates of $44 compared to Allstate's $108. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies around $150 per month cheaper than Allstate, on average.

Is Allstate or Indiana Farmers Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance carriers offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with accidents and tickets on your record, but which of these two companies offers the most affordable rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Allstate policyholders can expect their prices to go up an average of $27 a month if they get a ticket, while Indiana Farmers generally raises premiums about $14 per month, on average.

That being said, Indiana Farmers is normally the less expensive option for drivers both with clean records and with a speeding ticket, offering rates that are 55% and 54% cheaper, respectively, compared to Allstate.

Which Company is Best for Drivers After an Accident?

Allstate drivers who get in a collision can expect to see their premiums rise by over 30%, while those who have insurance through Indiana Farmers will see around a 15% increase.

Overall, Indiana Farmers offers the cheapest prices for drivers with an at-fault accident on their records, with monthly premiums averaging $84 compared to Allstate's $229.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- typically a lot more than an accident or ticket. On average, Allstate will climb your rates about 31% after a DUI, while Indiana Farmers's average prices climb by over 15%.

Indiana Farmers has the overall most affordable rates for drivers with a DUI on their records at $84 a month, but it's worth noting that Allstate's average rates come from 47 states compared to just one for Indiana Farmers, so the data may be skewed slightly.

How does Credit Score Impact Allstate and Indiana Farmers Rates?

Did you know that many insurance carriers take into account your credit score when calculating premiums? Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for several policyholders.

The reasoning car insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will usually be forced to pay more.

So, which company offers the cheapest rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Indiana Farmers. Drivers with "excellent" credit can save just under 60% compared to Allstate, and those with "good" scores can also expect to see savings -- around $104 or 60% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

Indiana Farmers typically offers lower prices than Allstate when it comes to drivers with bad credit. Drivers with "fair" credit pay about $124 a month less with Indiana Farmers compared to Allstate, and those with "poor" scores typically save an average of around $159 per month.

Is Allstate or Indiana Farmers Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly auto insurance bill. That's because the fewer miles you drive, the less likely you are to get into a collision and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles each year, as well as those who average twice that figure, Indiana Farmers offers less expensive premiums than Allstate. Allstate's average rates for drivers with 6,000 annual miles come in about 59% more expensive than Indiana Farmers. Those who drive 12,000 miles yearly can expect to pay around 59% more with Allstate over Indiana Farmers.

Allstate vs. Indiana Farmers: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a large impact as well. Generally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because of the number of vehicles that are on the roads in those areas.

When comparing these two companies side-by-side, Indiana Farmers normally comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest premiums from both carriers, but Indiana Farmers comes out on top with average prices about $72 monthly. Indiana Farmers also has cheaper average premiums for drivers in urban and suburban ZIP codes -- a $134 and $116 per month respective difference when compared to Allstate policyholders in similar areas.

Allstate vs. Indiana Farmers Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be difficult to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Below, we've compared all of the different discounts offered by Allstate and Indiana Farmers so that you can find the one that has the most discounts and, therefore, the biggest savings.

Allstate knocks Indiana Farmers out of the park when it comes to the sheer number of discounts available, offering 40 different discounts to Indiana Farmers's eight.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and mature driver discounts. Allstate also offers ABS discounts, agency transfer discounts, alert driving discounts, and more that Indiana Farmers does not.

On the flip side, Indiana Farmers has a unique discount of its own -- a select market discounts.

Final Thoughts: Is Allstate or Indiana Farmers Best for You?

So, you've seen how different factors can affect your car insurance prices. We've broken down the different discounts each company offers, too. But, when it comes down to it, which carrier is the best company for you and your specific needs?

Indiana Farmers might be best for you if....

• You like the personalized touch of a small, local company.
• You're looking for more protection with "full coverage" auto insurance.
• You live in a rural area.

Allstate might be best for you if...

• You're thinking about moving to another state -- Indiana Farmers Insurance only offers policies in IN.
• You're looking for discounts -- Allstate has the most.

We hope this guide helps you get a better idea of the difference between Allstate and Indiana Farmers and that it aids in making a more informed decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several companies, not just Allstate and Indiana Farmers. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Allstate vs. Indiana Farmers FAQs

Is Allstate or Indiana Farmers cheaper?

Looking just at the national average rates, Indiana Farmers is the less expensive of the two companies, offering average rates of $81 a month compared to $199 for Allstate. Even so, Indiana Farmers won't necessarily be the most affordable carrier for every policyholder, since there are many different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Allstate or Indiana Farmers?

Unfortunately, the real answer is "it depends.". No one company is "better" for everyone -- it all depends on what your unique insurance profile looks like.

Why do Allstate and Indiana Farmers offer me different rates?

Car insurance carriers take a look at a lot of different factors when determining the prices they charge drivers. Things like your driving record, age, where you live, gender, and sometimes even things like your credit score can all be used. Both Allstate and Indiana Farmers use different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Allstate or Indiana Farmers is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Allstate or Indiana Farmers at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.